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India needs to change if it wants to lure manufacturing from China

Regulation has become more unattractive and unpredictable under Narendra Modi

| India
Modi's government has failed to address the problem of tax uncertainties that continue to haunt investors.   © Hindustan Times/Getty Images

Ritesh Kumar Singh is chief economist of Indonomics Consulting and a former assistant director of the Finance Commission of India.

As China's factories shut down during the coronavirus pandemic, global supply chains running through them collapsed -- and other countries realized they had become too dependent on one country.

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